Australia’s sheep flock fell to its lowest level in 113 years with a fall of 7 per cent in 2018-19 to 66 million sheep, according to data released today by the Australian Bureau of Statistics (ABS).
Extreme opposing forces will dominate the Australian cattle market in 2020, with limited supply and strong local demand driving prices, but tempered by the global COVID-19 disruption, according to Rabobank’s Australian Beef Cattle Seasonal Outlook.
The value of Aussie agricultural production is forecast to remain high despite bushfires and prolonged drought, with overseas demand balancing drought-related falls in farm output and incomes.
Australian farmers have stared down one of the toughest summers on record with rural sentiment bouncing back to its highest level in nearly five years.
The December 2019 edition of THE FENCE magazine is out now!
Just 20 years ago the Australian sheep industry was in dire straits – today its worth more than $8.6 billion per year, an increase of almost 50% compared to 2001.
The November 2019 edition of THE FENCE magazine is out now!
The value of farm production is forecast to fall by 5 per cent in 2019–20 to $59 billion, according to the latest Agricultural Commodities report.
The October 2019 edition of THE FENCE magazine is out now!
A distinct divide has emerged in confidence levels among Australia’s farmers, with those in the west and south of the country increasingly upbeat, while sentiment has waned considerably in the drought-affected eastern states, according to the latest Rabobank Rural Confidence Survey.